I'll bite, but have to clarify a few things first.
1. Not an O-6 to O-8, haven't even pinned on O-5 yet.
2. Will embark on the sq/cc experience next summer.
3. Never been an exec, but spent the last two years close enough with enough GOs to speak from that experience.
4. Lastly, I stopped commenting here so much largely due to the many who refuse to engage in discourse in which there is an actual conversation. That and there's just not enough hours in the day. Opinion: There's too much TL/DR bullshit on this site. While brevity is the soul of wit, these problems won't be solved in 140 characters. To solve them, even to understand them, you have to engage your brain. That takes effort, god forbid. But... I still read this site everyday... Seriously!
That said, retention of the right people-aviators-is one of many problems facing the officer corps in the USAF today. It's is a nasty problem that the USAF has no clue how to fix and that's going to deepen before it eases. This is evident in the hamfisted closing of loopholes fits and starts we've seen thus far. The USAF as the tech force throws money at problems (or punts), whereas the Army for example throws people at problems...
There's more to it than money or easing the add'l duty burden or reinvigorating the squadrons. QOL plays a part, and part of that is morale - the feeling that your work matters, that you are accomplishing the mission. When you treat people like crap, overwork them, and give them no hope that things will change, morale plummets. That's what's happened. Read General Tunner's description of aircrew morale in China-India when he arrived there in his book 'Over the Hump' and you'll see. We have a morale problem manifesting as a retention problem. Period. (Though it is not universal, this is what is killing the squadrons...)
Next let me clear up a common misconception... Colonels and low ranking GOs have far less power to affect change and make things better than you'd think. Not all colonels are equal, just as relationships (at least in public) between GOs shows that they are not all equal. (Reference: any staff, anywhere) While in some aspects their words are holy writ, in much of their daily duty they have very little power to make changes. Everyone gets a say, so consensus building logically takes time. You better get it cleared with your boss and your bosses boss and the the lawyer, etc. or else your neck is on the line... this manifests in bureaucratic delay and stagnation of decisions, at the worst case it shows up as risk aversion. Rarely are "go-do" orders so easily given, thus change is slow. This reality can be frustrating for the young.
For the most part it's good that change is slow (ironically) because we have a lack of depth, experience, and real education out there at those ranks. Yes, people have been to the schools, but many retain little and few are genuine experts (not to mention the wide variety on quality of the school experience). We use variance of assignments to get people "experience" thereby producing an effect that broader and broader officers are seemingly always in charge, always getting their feet wet. General Officers are for the most part exactly that: generalists, by design. Some communities have taken this to the extreme, my own included, in making younger and younger officers as broad as possible - with the result being a lack of depth in the general population, but especially at the senior ranks, again with few exceptions (WOs - take a look at how many MAF GO WOs there are out there...).
That reality is only further exasterbated by the fact that we don't expect pilots to just be pilots, nor do we reward, promote, or encourage expertise in that narrowest of measures. We evaluate and promote everything else, and what gets measured gets done. We've done this to ourselves, simply by allowing it to be accepted as the norm.
You fix the morale problem with a focus on what matters - job performance and mission accomplishment. And I don't mean job performance like as in "Captain X, who is scheduler # 12 is really good, I think he's our CGOQ..." I mean take a look at who the best is in their primary job - start with the flyers and work your way from there. Stop with the "well all he did was fly missions, no volunteer hours or anything in self-improvement." That's how you reinvigorate the squadrons. MAF dudes - how many units out there have a "top hauler" or "top boom" award for the most missions/tonnage flown, hours flown, or gas passed in a month/qtr/year? My guess is few to none - I've never seen it. That speaks volumes when everyone knows who the Volunteer of the Qtr is for the wing because they have a parking spot at the commissary....
Now then, as for the bonus - I tell guys to follow their hearts, do what's right for the family. And I don't mean the USAF family. I've had a lot of success in my career, and struggled as much as I've done well. I earned a divorce out of it, and don't have kids. As an "old" major, about to be sq/cc, that makes me the oddball. I have a wonderful woman in my life now and that's made me reevaluate what and how I operate. But I don't wish the lousy parts on anyone. I nonetheless have no regrets, even though I'm facing a one-year remote amid a budding relationship.
But my situation is not the norm, and I take that into account when advising my guys. If you come for career advice, you'll get it with the bark on - that's what you're owed for asking. And some people don't like hearing they're not the best or that they should pursue other endeavors. While I won't temper my fire, I've never scoffed anyone who wanted out or to take care of their family. I won't. My own experience made the difference, and I'm not sitting here chugging blue kool-aide. You must do what's right for you, regardless of if it aligns with big blue's plan....
This problem is bigger than the O-6 to O-8 crowd indicted in the post above... and none of us can change it alone. You'll never push over the wall, but if you try you can find loose bricks...
Chuck