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A PhD is the bare minimum to be taken seriously. They are not difficult intellectually, they just takes fucking ages (and are stressful at times I suppose). No one will ever read your thesis, but I guess it's proof you can grind it out scientifically. Of course, once you have a PhD, all people care about are your publications. And once you have enough publicatinos, all people care about is what funding you have.
In quite a few places, if for example you publish three papers you can bind them together and submit that as your thesis. Of course this still requires access to research somehow. In the old days, I would say you could become a lab tech and work your way up to RA. You still need at least an undergrad obviously. But there are so many fucking PhD students now, that 50% of the time you literally need a PhD to become an RA and not the other away around.
There are literally too many PhD students these days. It's becoming the new undergrad for many science related jobs.