There is no shortage of nurses in the Philippines.
The law of supply and demand is at work, that's why Phil. RNs are under-paid (security guards are even paid higher). For the same reason, due to the high demand of nurses in the US, US RNs are paid relatively higher now than before compared to other professions.
That's why Filipinos are taking this opportunity! Doctors are becoming nurses. Lawyers are becoming nurses. Engineers are becoming nurses. Computer programmers are becoming nurses. Housewives are becoming nurses.
This window of opportunity will last for about 10 years more from now as the baby-boomer generation gets older until their retirement.
We are already citizens of the world. We are now adjusting to globalization.