As JAG says, it isn't the oil that shears. It is the bits of polymer that straighten when cold and curl when warm so the so-called multi-grade oil flows more slowly through the orifice @ 100°C and appears to be a higher viscosity grade. (Or do they curl when cold and straighten when warm???)
In any case, better quality/higher cost viscosity index improver polymers don't shear in normal usage. This is one advantage of the better oils. One of the requirements for the oil specs, and getting tougher each spec, is the "aging" test where the oil is re-tested after 100 hours in the test engine and the drop in viscosity, and other variables, gets tighter limits each spec. The up-coming GF-5 spec will be the toughest yet.
As mechtech2 says, the oil thickens when it oxidizes, but that type of thickening does not protect the engine the way properly thick new oil protects.