It's the apprenticeship for doing independant solo research and, in general, makes perfect sense that someone have demonstrated a capability for this work prior to being given the reins to resources on the scale of millions, tens of millions, etc.
It's hardly a "glass ceiling" (ie. we profess equality but don't promote women or people of colour or not our religeon but never say why) when it's a stated requirement to, say, first pass an apprenticeship prior to becoming an certified electrician and hired to wire a nuclear weapon.
It's an actual formal staging in a meritocracy, the only issue would be if those that might gain a PhD are denied the opportunity to do so ... (a somewhat tangential issue that might have more play in various places).