DOC: update guideline for installation development environment using pip (pandas-dev#40598)

Author: charlesdong1991

doc/source/development/contributing.rst

@@ -325,7 +325,11 @@ Creating a Python environment (pip)
 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 
 If you aren't using conda for your development environment, follow these instructions.
-You'll need to have at least Python 3.6.1 installed on your system.
+You'll need to have at least Python 3.7.0 installed on your system. If your Python version
+is 3.8.0 (or later), you might need to update your ``setuptools`` to version 42.0.0 (or later)
+in your development environment before installing the build dependencies::
+
+      pip install --upgrade setuptools
 
 **Unix**/**macOS with virtualenv**