Apple has changed it intentionally to be this way, when Photos came out. In Apple's previous photo apps (iPhoto or Aperture) we could modify the basic storage structure of the library and move photos between events (in iPhoto) or projects (in Aperture). In Photos this is now done automatically - Photos is creating the Days, Months, Years for us. This ensures, that the basic structure will be the same on all our devices using iCloud Photos.
But albums have always been built on top of the basic library structure, and the albums have always been referencing the photos in the library, so we could add photos to many albums without having to duplicate the photo. This has not been possible in the events or projects - if we needed a photo in more than one event we had to duplicate it.