Interesting thread and its always good to hear what its like on the inside. I've considered a career switch to railroad and I"m a cargo pilot right now. Its another job where people go "wow thats great!" when in reality its not all that and a box of chocolates. I enjoy my job for the time being but I"m working for a very small company flying small airplanes single pilot. I've hit the top end of pay where I"m at for the most part and to go higher I'd have to make a change to another company and start burning Jet A. The sick part is that I would take about a 50% (or more!

) pay cut for at least 3-4 years before I surpass where I"m at now. As a pilot the home life *****, and theres far less job security in my mind. With oil prices going crazy the railroads will always win over any other form of transportation.
I have known some pilots who made the switch to railroad and they claimed they were paid substantially more in a MUCH shorter amount of time. As a pilot you can be flying for a regional airline driving a brand new 76 passenger jet and be making 20K a year, and you might not break 50K for 8+ years if your company isn't growing or people aren't leaving and you don't upgrade to captain. Even after getting in the left seat and essentially doing the same job as before expect 60-80K for a while and potentially staying at that level the rest of your career. Just hope you don't get laid off because you start over in pay. This is after many years of time building to get there making even less than 20K as well as floating student loans etc. From what I gather railroads like to hire pilots because of the similarities involved. A lot of time invested knowing regulations and procedures, safety, culture, etc. The job is similar in many respects and both have their shortcomings in lifestyle but it seems the path to a livable and sustainable wage is a lot shorter.
In aviation they have firgured out that people are literally willing to pay just to sit up front. Its nothing like what the public at large thinks it is. Lets just hope the railroads don't apply the same business model to foamers!