Whether God electing certian humans to be created and to be fallen would be considered to be unfair?

No. It would mean that God chose certian people out of a lump of unfallenness. The choice had nothing to do with whether or not these people were good or bad. It was on the pleasure of God. Keep in mind that election and reprobation are not... actions of condemnation. So although God chose to work in one group above another, he did so on the basis that these particular groups were not good or bad (They were in a sense neutral). It is there fallen state which is the reason for their condemnation. Because all men are sinners (bother elect and reprobate) none deserve to be saved. In the infra camp, they cannot seperate reprobation from condemnation.
So the real question when it comes down to it is not why not save more people, but why does he save?

Scripture verses: Romans 9:13; 17-23

And it is because God is the potter and humans are the clay in which we can not talk back to God. No one can say to God what have you done. Because God has full rights over the clay pots. Daniel 4:35 - What have you done?