Sure, that's why time management is a skill needed in Blitz. And I get that some chess player don't like it. Good blitz player can be bad correspondance chess player, and vice versa.
And I agree with you, time increments kinda fixes this ! Once you are in a finale with 1 rook advantage, you can win even if you are low on time thanks to the increment. I've seen that a lot in bullet 1min+2sec/move.